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Search Results 0 to 19 of about 20 (some duplicates have been removed)
Nov 2, 2009 7:00pm EST
they want in the united states. >> reporter: and susie, both g.m. and chrysler have gotten concessions from the u.a.w., so ford needs them to remain competitive. >> right, dianne, what are the chances of ford getting those concessions now that it's making money, doesn't that give the union a bargaining chip? >> absolutely. in fact, the uaw today said that the good inspections that ford reported today were part of the reason that the rank and file voted down the concessions. they said that they would not go back to the bargaining tablement but obviously if the financials would deteriorate from here, they might be encouraged to go back. we'll have to wait and see. >> another issue about where things are financially with ford, a lot of headlines today about that billion dollar profit but ford also has a lot of debt. something like $27 billion. so how does that play into its forecast. isn't that a serious problem? >> it is a problem. as you probably recall, they mortgaged a lot of assets to keep themselves out of bankruptcy. analysts say if the economy continues to improve, if the credit market
Nov 6, 2009 7:00pm EST
that we've had in the united states since the great depression. and that's a pretty sobering reality. >> reporter: speaking of sobering, by one measure, the jobless rate is actually closer to 17.5%. that's the figure, if you include part-timers who would rather be full-time and people so discouraged looking for work, they've given up. however, today's report did have some glimmers hope. though the economy lost 190,000 jobs last month, that's still well below january's peak. economist milton ezrati says the creation of 34,000 temporary position in october is also a positive sign. >> what happens is-- at a turn in the economy-- and there's good evidence that we are seeing a turn toward growth. business, of course, is very wary, and they're not likely to increase their staple payroll, their own payroll, until they are really sure that new sales levels are climbing. and they have secured a new higher level of activity. >> reporter: the big unknown is how the federal reserve will interpret today's data. the central bank may be reluctant to raise interest rates while the unemployment rate
Nov 25, 2009 6:30pm EST
. the whe house said today the united states will not be in afghanisn for another eight or nine years. that word as the admistration lays t groundwork for presidt obama's announcement on tueay of a new war rategy. darren gersh takes a look at question many are asking: w much will the w strategy cost. and what will it mean fothe economy? >> reporter: in ir and afghanistan total ending is on pace to hit $1rillion by the enof the 2010 budget year. our annual defen spending has not been this high since world war ii. but weighed agait our gross domestic product the broest measure of economiactivity anthony cordesman, aadviser to thstate department and pentagon saythe wars in afghistan and iraq are not an undue burden. >> with two wars a that includes still an iraq efft ich is much more expensive than the afghan fort, the burden on the amican economy is a little over 4% whicis much lower than it was durin most of the coldar. reporter: to date, the war afghanistan has cost t nation $227 bilon. the president harequested anothe$73 billion for next year bringing the total official st so far to
Nov 13, 2009 6:30pm EST
are shrinking >> reporter: chinas one of the biggest exported tthe united states and it pegs its rrency to the doar. so at a stores tt sell a lot of cnese goods-- prices are typically not affecteduch by currency fctuations. while ices for some imports may be rising due to theeak dollar, the ttom line is that inflation doesn't seem to be much of a risk. >> if every prodt in the u.s. waimported, i would be more concerned about that but it isn't. and not every price of an port gets passed rough all the way to the consumer anyway. >> reporter:peaking of passing through the weakollar makes it cheaper for europeans to vacatioin cities like neyork. at bring badly-needed money the stores, hote, and restaurants. erika miller, nighy business reportnew york. >> paul: weakness in the dlar helped wall street open hier as d disney's better than expeed earnings that we told you about last night. buyers were so inspired by j.c. penney's re upbeat earnings and reven forecasts. two hours into tradi the dow was sporng an 80 point gain with the nasdaq up 13 poin. investors brushed off an unexpected drop in
Nov 26, 2009 12:30am EST
for president obama: afghanist. thwhite house said today the united states will not bin afghistan for another eight or nine years. that word as thedministration la the groundwork for prident obama's announcement onuesday of a new war strategy. darren gersh takes a looat a question many are asking: ho much will the nestrategy cost. and what will it mean for e economy? >> reporter: in iraqnd afghanistan total spding is on pace to hit $1 tllion by the end the 2010 budget year. our annual defensepending has not been this high since wor war ii. but weighed ainst our gross domestic product theroadest measure of ecomic activity anthony cordesma an adviser to the state department and pentagonays the wars in ghanistan and iraq are not a undue burden. >> with two wa and that includes still an iraqffort which is much more expensi than the afgn effort, the burden on thamerican economy is a little over 4% ich is much lower than it was ding most of the ld war. >> reporter: to date, the r in afghanistan has co the nation $227illion. the presidenhas requested anher $73 billion for next year bringing the tot
Nov 27, 2009 6:30pm EST
in the united states. >> jeff: well, darren, is the a chance of bank ctagion from dubai's debt load? >> wl, that's a concer you n never completely re th out, but there is a lot of moy in the middle east, and the amnt of money here in the globalcheme of things is relatively small so most of the peopl i spoke withhink that this is me of a fincial cold than a financial flu. >> jeff: whatshould u.s. inveors be watchin for in this situaon? should i be woied? >>ou should be concernednd watchful. i think what's gng on here is we're getting a sial that commercial real estate is wk arnd the world. dui world owns hotel just a block or from here. they hav large holdings in the united states. they have investmes in las vegas, and the big cy cenr prect. the ncern is they might be forced t sell some o their hoings here into aweak market to bring the mon back home, and it'sust a general sense that ts credit cris is not over. commerci real estate could be next. and pele should be paying close atteion to t strength of the underlying global economy whathis says abo that. >> jf: darren, thanks f joing us. >> sure
Nov 23, 2009 7:00pm EST
does this all of this mean for the united states? for sure, we benefit from a more and better educated population overseas. but we also face some risks. because as everybody else invests in higher education, the united states will no longer be the obvious choice for the worlds talent; both students and faculty. i've seen this happen in our own searches for young faculty, lured away by attractive offers from foreign universities. the competition is not exactly fierce today, but if we continue to lose talent, how can we maintain the best universities for your kids and mine? and how can we maintain our edge in innovation and economic competitiveness? let's start by recognizing that the world is different. i'm nada eissa. >> paul: recapping today's market action strong housing data help push stocks higher. the dow gained 132 points and the nasdaq added almost 30 points. to learn more about the stories in tonight's broadcast and to read econo-blogger terri cullen's take on the impact of plunging state revenues go to "nightly business report" on you can also email us at
Nov 26, 2009 6:30pm EST
. >>eporter: the united states continues to be a nation of immigrants. roughly 13% of the u.s. population is reign-born-- the largespercentage since the ginning of the twentieth century. and social sciensts think in the coming decad, economics and politics will atact even more people to thicountry. at will increase demand for immigratn specialists in sectors like law, socialork, publicervice, and business. and iversity of illinois ciologist anthony orum says e need for these positions will extend tionwide. >> you can drivehrough the midwest and into small towand you can findmmigrant commities there. this is a new pa that people go tsmall townin iowa to work for a factory, foexample. >> hello, my name is mly. i'll be your spani interpreter. >> reporter: of the new jobs, the biggest demands expected to be for translors. >> ola, senora... >> repter: language line serves is the world's largest providerf translation serves. it helps businesses, 9 centers and hospits communicate with non-english speakers with almost 1 5 people in the u.s. speaking a language oer than engsh at home-- the compan
Nov 19, 2009 6:30pm EST
't object to that. >> wt is your sense about whether we'll see the united states se sortf nding carbon emissionslaw that carbon output will be regulated to some dree within the unid states? >> i very much hope that amera participates in the copenhagen talks and that an outcome comes from the copenhagen tks in december. i mean you know it' beginng to look a t worrying. but hopefully at least the copenhagen talks can get us a stage where very soon theafter aonclusive agreemt can be reached. >> se people say that if weee carbon emissions regulated in thicountry, it will cost jobs, perhaps cost certain industries. what do you say to those people? >> look, the enorms amounts of jobs are going to be created from the green revolution are yo sending all this ney abroad to the middle east and other countes. you keep all tha money within america a you create, you know, hundreds of thousands of jobs. and that's --that is what you should b doing. and you know, yes, you know, i mean theairline industry may, y know, have a little bit an extrtax on it but we will take it on the chin. fuel pris go up
Nov 6, 2009 6:30pm EST
in 1983--26 yearsgo. number three, susie, outside t united states, economies ar growing. big economis-- canada, australia jan, russia, brazil. the employment is actually expandg there. you had yesterday john chambers of cysco talking about their outlook d how much bter it looks him because of the internatnal aspect. lasthree things, four, five, and six, retail sales members lo okay to us for october. the retails, that is. the-- the's a lot of liquidity out there. d inflation remains low. it remains suueed. e individual inveors p about $215 billion out of ney marketunds into bond funds and nnto stock fun,usie. >> sus: let's looat the stocks you'r recommending. this is your first time "nightly businesreport" as a maet monitor. you have bank of americat the top of your list. why do you liket? how does i fit intoverything u just told us? >> we see gradual improvement of the financial system they managto buy and to te over very,eryrized assets, e merrill lynch fnchise-- t only in the united stes but globally innvestment bankin franchise countrywide, we see tha company able, in a coue of y
Nov 3, 2009 7:00pm EST
of the united states." investment strategist jim awad says that's a big vote of confidence. >> i think what he's probably saying is the economy has turned. in some cases that has not been reflected in the stock price. and therefore i'm going to move now because cyclically the economy has turned, secularly the economy is attractive, and this particular security, in my view is attractively priced and strategically well positioned. >> reporter: whatever the motive, some say it sends an important signal. >> i think if you are a young person, you think like warren buffett and you invest for a 10, 20, 30 year period. and this sends a message that probably the best brains in the country are optimistic about our future and you should be too. >> reporter: today's deal is the largest-ever for berkshire hathaway, but already wall street is speculating about buffett's next move. one expert thinks it will be in healthcare. a play on the nation's aging population. erika miller, "nightly business report, new york." >> susie: a short while ago i talked by phone with burlington northern ceo matthew rose. i beg
Nov 17, 2009 7:00pm EST
in the united states, was able to manipulate federal regulators to obtain billions of dollars in taxpayer money to help it go through with a deal it intended to do in any event. >> reporter: brian moynihan replaced mayopolous in the middle of the deal. moynihan says he believed the bank did have a case to call it off. >> when i came in to general council on december 14 or 15, we became aware that the losses had reached $18 billion, pretax. it was a different set of facts and circumstances. >> reporter: but republicans paint the scene differently. they think federal regulators pressured the bank to go through with the merrill buy. ranking republican darryl issa says the government's heavy hand kept bank of america from getting a better price. >> merrill lynch was not worth what you paid for it. had you been able to negotiate in december instead of in september, you would have been able to negotiate a much lower price. >> reporter: to add another angle to just how controversial the merrill deal was-- and still is-- even a bank of america board member seemed unsure about it. in january, charles gi
Search Results 0 to 19 of about 20 (some duplicates have been removed)